Only 8% of Atal Pension Yojana's subscribers opt for Rs.5,000 monthly slab; 87% choose minimum sum of Rs.1,000
New Delhi, May 20 -- About 87% of Atal Pension Yojana's subscribers have opted for the minimum assured sum of Rs.1,000 per month, while only a little over 8% have chosen the highest slab of Rs.5,000, according to data released by the Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday.
Of over 90 million gross enrolments in the scheme as of 13 May, 79.4 million chose the Rs.1,000 monthly pension slab and about 7 million subscribers selected the Rs.5,000 pension option, according to the data.
The gap across pension slabs in the scheme, launched by Prime Minister Narendra Modi on 9 May 2015, remains significant. The Rs.2,000 pension category had 2.6 million subscribers, or 3% of the total, while the Rs.3,000 and Rs.4,00...
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